Former MD and CEO of the PNB and some other senior bank officials were aware of the "fraudulent" dealings with Nirav Modi but kept "misleading" the RBI, the CBI has alleged in its charge sheet.
"We have written to BBB to shortlist candidates for the vacant post of Managing Director and Chief Executive Officer at Allahabad Bank," a finance ministry official said.
Benchmark Sensex plunged over 232 points to end at 34,616.13, while the broader NSE Nifty lost almost 80 points to close at 10,516.70.
Benchmark Sensex plunged over 232 points to end at 34,616.13 today, extending its fall to the fifth straight session over political and macroeconomic concerns.
Indian market lost ground on back of negative global cues, rising crude and bond yields. Confusion over government formation in the state of Karnataka prevailed throughout the week.
CBI likely to approach Interpol for red corner notice against Nirav Modi, Mehul Choksi
PNB has refused to disclose details of the audit or investigation that led to detection of over Rs 13,000 crore fraud at the company.
PNB saw wilful defaults by big borrowers slipping further to Rs 15,199.57 crore in April this year over the previous month.
Sebi will consider penal action against PNB and Gitanjali Gems after completion of its probe into suspected trading and disclosure related issues, senior officials said.
Despite ED issuing summons to Nirav Modi and his family members to join the investigations in the PNB fraud, they have chosen to ignore the directive by remaining abroad and out of immediate reach.
Gets 1 Observation For Karkhadi Unit From USFDA
USFDA Issues No Observation To Rabale Unit
USFDA Issues 3 Observations To Patalganga Unit
AU SMALL FINANCE
Temasek Arm to invest rs 1,000 cr in Bank Share, Warrant
INDIABULLS REAL ESTATE
Approves proposal of Buyback of up to 2.6 Cr Equity Shrs
Buyback Size 5.45% of existing paid-up share capital
Maximum Buyback Price proposed at Rs 240/Sh